Motor Trade Internal Risk Insurance 

Motor Trade Internal Risk Insurance

  •  About Policy 
  •    Scope of Cover 
  •    Exclusions 

About Policy

Our Motor Trade Internal Risk Policy ensures that your compulsory Third Party Liability clause under Motor Vehicles Act is taken care of. Not to mention, the policy also ensures adequate cover in the event of loss or damage to the vehicle itself, exclusively for motor manufacturers and dealers.

Here's what you need to get started

 

Scope of Cover

Third party liability: Protects against any legal liability arising out of the use of the vehicle towards third parties arising on bodily injury to / on death of a person and any damage caused to the third party property whilst in your property.

Loss or damage to the vehicle: Covers against any loss or damage caused to the vehicle or its accessories due to the clients vehicle getting damaged whilst in the insured's property

 

Addtional covers at extra cost

1. Open air car park: This extension provides the coverage of the policy for the open air car park of your vehicle.

2. Work away from the premises: This extension provides the coverage of the policy when the work is performed in a location away from your primary address.

 

Exclusions

Any loss/damage to the vehicle and/or its accessories will not be covered if caused by the following events:-

  • Loss of use, depreciation and natural wear and tear
  • Arising out of contractual liability
  • Mechanical / electrical breakdown
  • Loss / damage due to war, mutiny or nuclear risk
 

Need Help 

Customer Support: 1800-3002-3202 customercare@magma-hdi.co.in

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